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Microcap & Penny Stocks : Kaire Holdings - $0.50 stock- $3 to $4 Book Value -- Ignore unavailable to you. Want to Upgrade?


To: tahoeman who wrote (77)7/27/1998 1:26:00 AM
From: Lee Walsh  Read Replies (1) | Respond to of 1640
 
There are some filings for Kaire Holdings and Kaire International at this link: sec.gov

But by the looks of what I can tell, they aren't related. Kaire International is a MLM company which sells vitamins and such.

Kaire Holdings is listed as this on its S-8

COMPANY CONFORMED NAME: KAIRE HOLDINGS INC CENTRAL INDEX KEY: 0000822997
sTANDARD INDUSTRIAL CLASSIFICATION: IN VITRO & IN VIVO DIAGNOSTIC SUBSTANCES [2835]
IRS NUMBER: 133367421 STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231

also says it used to be named: INTERACTIVE MEDICAL TECHNOLOGIES LTD

How are the 2 Kaires related??? Or are they even related??

Does anyone know?

Lee



To: tahoeman who wrote (77)7/27/1998 10:29:00 AM
From: Micro-Selector  Read Replies (1) | Respond to of 1640
 
KAHI churning for VERY GOOD REASON... (nothing "fishy" here!)

In my experience, this is typical MM activity that occurs at a "bottom" level before a major rise.

Since the official bid/ask that is displayed on the OTC:BB quotes is one of many lower and higher bid/asks, MM's buy from amongst each other at lower bid/asks to pick up shares without raising the official bid/ask -- they can also do this (buy at lower ask prices from another MM) to cover their short positions which most likely incurred as they drove the stock price down from the $1 1/4 level....

If anyone has Level II, they could confirm whether this is indeed what is happening. Unfortunately, I don't.... can anyone confirm this?

Whatever the case, this can't go on forever and is usually a GREAT SIGN that MM's expect a major rise in the near future... otherwise, they would let price rise and simply short to an even lower level.

HANG ON FOLKS! Something great is brewing here!